Disney is holding a $157 million write-down on Vice Media, that is reportedly shortening staff by 15%

Disney is holding a $157 million write-down on a investment in Vice Media, a association announced in a fourth-quarter gain news Thursday.

Disney had creatively invested a reported $400 million in 2015 during a gratefulness between $4 billion and $4.5 billion, sources told a Wall Street Journal during a time. This was in further to a prior interest Disney had in Vice along with Hearst and A+E Networks.

On Wednesday, a Journal reported that Vice skeleton to revoke a workforce as most as 15 percent underneath new CEO Nancy Dubuc. Sources told a Journal income had remained sincerely prosaic for a year during roughly $600 million to $650 million and is on lane to remove over $50 million for a year.

Correction: Vice skeleton to revoke a workforce by rubbing and reduced hiring, not layoffs.

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